Modi Boost

The BJP has won the largest number of seats in an election in the southern Indian state of Karnataka, more than doubling the amount it held previously. The vote, which was held on May 12, is viewed as a key indicator ahead of 2019’s general election.

Indonesia Under Pressure

Investors Too Stressed About Brazil

On balance, investors are much more pessimistic about Brazil due to pending elections this October than they are optimistic. The scales have clearly tipped in favor of a negative outcome, with a non-reformer taking the presidency.

Argentina Interest Rates Hit 40%

In Argentina, the cost of borrowing is shooting up to stratospheric levels with interest rates rising to 40 percent. The country’s leadership promised a new era that put this sort of trajectory behind it. But now, Argentina finds itself in talks with the International Monetary Fund for loans to shore up its finances.